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Chosen Holdings’ FY15 Net Profit Up 15%
Daily Bulletin | 21 August 2015

Chosen Holding reported a 14.7 percent boost in its FY15 net profit to $3.9 million from $3.4 million last year.

Despite experiencing a dip of 0.5 percent in total revenue to $117.2 million, gross profit margin improved 0.8 percentage points due to the sale of higher value-added products, lifting gross profit by $0.9 million.

Going forward, orders for the Thailand operation’s communication products are expected to be weak and the Chonburi plant will commence operations in FY16.

Automotive, printing and imaging and retail solution products will continue to contribute to revenue for the China operations and the China operation will also launch several new programs in FY16.

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